Acadian Timber Corp. (OTCMKTS:ACAZF) Short Interest Update

Acadian Timber Corp. (OTCMKTS:ACAZF) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 7,300 shares, a decline of 39.7% from the August 15th total of 12,100 shares. Based on an average trading volume of 7,200 shares, the days-to-cover ratio is presently 1.0 days.

Acadian Timber Stock Up 1.5 %

ACAZF stock opened at $12.88 on Friday. The company has a fifty day simple moving average of $12.79 and a 200 day simple moving average of $12.74. Acadian Timber has a 1 year low of $11.13 and a 1 year high of $14.18.

Acadian Timber Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were given a dividend of $0.2118 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a yield of 6.83%. Acadian Timber’s payout ratio is currently 168.37%.

About Acadian Timber

Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates in two segments, NB Timberlands and Maine Timberlands. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company owns and manages freehold timberlands in New Brunswick and Maine; and provides timber services relating to Crown licensed timberlands in New Brunswick.